Jun, 30, 2024 — EDISTO FEDERAL CREDIT UNION is a federal credit union headquartered in ORANGEBURG, SC with 1 branch location and about $25.10 million in total assets. Opened 89 years ago in 1936, EDISTO FEDERAL CREDIT UNION has about 3,260 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDISTO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1880 Russell St ORANGEBURG, SC 29115-6107 |
| Phone: | (803) 535-0077 |
| Fax: | (803) 539-9020 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 3,260 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1397 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,099,772 |
| CEO/Manager: | Leofice J Williams |
| Chairperson: | Georgia G Montgomery |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,927,305 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,398,696 |
| Unsecured Loans | 2,313,405 |
| Other Loans | 3,706,502 |
| TOTAL LOANS | 10,425,180 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -110,000 |
| Land And Building | 148,994 |
| Other Fixed Assets | 1,755 |
| NCUSIF Deposit | 194,634 |
| All Other Assets | 2,460 |
| TOTAL ASSETS | 25,099,772 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 64 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 38,289 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,545,927 |
| Regular shares | 9,931,367 |
| All Other Shares & Deposits | 10,172,680 |
| TOTAL SHARES & DEPOSITS | 21,649,974 |
| TOTAL LIABILITIES | 21,688,327 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,411,445 |
| TOTAL EQUITY | 3,411,445 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,099,772 |
| INCOME & EXPENSE | |
| Loan Income | 567,217 |
| Investment Income | 86,621 |
| Other Income | 184,724 |
| Total Employee Compensation & Benefits | 526,524 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 325,977 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,741 |
| Cost of Funds | 45,056 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 59,715 |
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